5836 Lexington Avenue
5836 Lexington Avenue Los Angeles, California 90038 United States

$2,290,000
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Price Reduced! Extremely LOW rents, over 60% upside. Offered for sale with next door 5828 Lexington Ave, a RARE DOUBLE LOT Opportunity. Both adjacent lots total 15,000sf of R3 Zoning within an Opportunity Zone, including Tier 2 TOC Bonus Density....

RE/MAX One

Listing Courtesy of RE/MAX One
$2,290,000
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.17 Acres
Exterior
Residential Income
Property type
1956
Year Built
21783030
Web Id
21783030
MLS ID
Los Angeles Unified
School District
81
days ago

About 5836 Lexington Avenue

Price Reduced! Extremely LOW rents, over 60% upside. Offered for sale with next door 5828 Lexington Ave, a RARE DOUBLE LOT Opportunity. Both adjacent lots total 15,000sf of R3 Zoning within an Opportunity Zone, including Tier 2 TOC Bonus Density. 5836 Lexington Ave is an 8-unit income producing, multi-family property in the heart of Hollywood, one of the most desirable submarkets in Los Angeles. The asset boasts a diverse unit mix of 2 and 1 Bedroom, and Studio units. This particular pocket of Hollywood is near the Hollywood Hills, the famed Griffith Observatory, and minutes from all major attractions and nightlife of downtown Hollywood, such as the TCL Chinese Theatre, and the Hollywood Walk of Fame. The location, type of units offered, and the well maintained condition of the asset will attract a wide variety of qualified tenants, allowing the astute investor to capture the considerable 52% UPSIDE left throughout the rents. [ On both 5828 and 5836 Lexington, total remaining upside throughout rents is 65%, or 1.5 times the current NOI. SEE 5828 Lexington for details.]

Listing Courtesy of Chase Simonton, RE/MAX One, 01766871, Active

PROPERTY INFORMATION

Parking Description
Carport

ADDITIONAL INFORMATION

Number of Units
8

5836 Lexington Avenue, Los Angeles, California 90038 United States is a Residential Income for Sale for $2,290,000. Was built in 1956,  on a lot of .17 Acres ( m2) and it's composed from .


Listing Courtesy of RE/MAX One

RE/MAX One

Listing Courtesy of RE/MAX One
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.